Business
Why the GrainCorp (ASX:GNC) share price is on watch today
The GrainCorp Ltd (ASX: GNC) share price will be on watch this morning. This comes after the company provided a positive business update to investors. At yesterday’s market close, the grain exporter’s shares finished the day at $4.71.
What did GrainCorp announce?
It will be interesting to see where the GrainCorp share price moves today following this morning’s latest release.
GrainCorp advised that it’s forecasting a $25 million boost in annualised earnings before interest, tax, depreciation and amortization (EBITDA) by 2023-24.
It stated that new operating initiatives have resulted in the business becoming more sustainable. These include expanding bulk materials for export, increasing utilisation at the Numurkah and West…
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